SLUMP IN GERMANY.
INDUSTRIAL REACTION.
By Cable —Press Association —Copyright. LONDON, June 8.
Following the inflated mark period, Germany is suffering a big industrial reaction. The. industrialists have 6 pent "the big profits made during the inflation period in re-equipping and modernising factories. They are unable to work them owing to the shortage of capital. Prices of. most goods are too high to export, being above the world’s level. Home trade has also slumped, and credit is severely restricted. Interest on loans is ranging from IS to 30 per cent. The liquidation of large stocks is expected at a considerable loss, which.,will disturb international trade. . The Finance Minister’s policy is to aim at forcing down prices to enable Germany to compete in the world markets. _____
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Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18084, 10 June 1924, Page 7
Word Count
125SLUMP IN GERMANY. Timaru Herald, Volume XCVIII, Issue 18084, 10 June 1924, Page 7
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